Get ready for another "Hangover"

Warner Bros. Pictures and Legendary Pictures are re-teaming with Todd Phillips for “The Hangover Part III,” the third installment in the record-breaking comedy franchise, which is slated for release on May 24, 2013. The announcement was made today by Jeff Robinov, President Warner Bros. Pictures Group.

“The Hangover Part III” will star Bradley Cooper, Ed Helms and Zach Galifianakis, who will reprise the roles of Phil, Stu and Alan, collectively known to moviegoers as “the Wolfpack.” In the previous two films, the three friends’ attempts to plan a celebration have resulted in disaster for them, but led to a combined billion-dollar success at the worldwide box office.

In making the announcement, Robinov stated, “We are extremely pleased to have Todd Phillips and the guys back together again for another ‘Hangover,’ and we look forward to collaborating with them on another great movie.”

Phillips said, “I’m so excited to embark on another ‘Hangover’ film with Bradley, Ed and Zach. We’re going to surprise a lot of people with the final chapter we have planned. It will be a fitting conclusion to our three-part opera of mayhem, despair and bad decisions.”

Phillips is writing the screenplay with Craig Mazin, who also collaborated with him on the screenplay for “The Hangover Part II.” Phillips is again producing the film under his Green Hat Films banner, together with Dan Goldberg. Thomas Tull and Scott Budnick will serve as executive producers.Production on the film is projected to begin in September 2012.

A presentation of Warner Bros. Pictures, in association with Legendary Pictures, “The Hangover Part III” will be distributed worldwide by Warner Bros. Pictures, a Warner Bros. Entertainment Company.